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Retail rents plunge (30%) on Madison Avenue

Started by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
>> Retail rents plunge on Madison Avenue Rents on the famous retail corridor have dropped 30% to $829 a square foot this year, although tourist hot-spots are holding up, according to a real estate market report. http://www.crainsnewyork.com/article/20090806/FREE/908069983/1058
Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

and, in a related article...

>> Retail sales fail to heat up in July
High-end and moderately priced stores alike suffered sluggish sales last month, although many retailers felt less of a sting because of improved inventory tracking.
http://www.crainsnewyork.com/article/20090806/FREE/908069985/1061

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